Holding(s) in Company

Fabian Romania Property Fund Ltd
22 May 2007



22 May 2007

                      Fabian Romania Property Fund Limited

                         'Fabian Romania' or 'the Fund'

                            Notification of Holdings


The Fund announces that it has received from East Capital Asset Management AB
(on behalf of East Capital Balkan Fund) a disclosure of a purchase on 21 May
2007 of 558,000 ordinary shares at a price of €1.30 per share. Following the
purchase, East Capital Asset Management AB has an aggregate holding of 5,083,054
ordinary shares carrying voting rights, equivalent to approximately 10.00% of
the issued share capital of the Fund.


Enquiries

Fabian Capital Limited (investment manager to the Fund)
Mark Holdsworth                                           020 7499 9988




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